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Non price competition is features of which market? Monopolistic Oligopoly Perfect competition None
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Dhakshana DhakshanaNot oligopoly?
Non-price competition is a marketing strategy that relies on product differentiation and sustainable competitive advantages instead of lower prices. In economic terms, itâ??s considered a form of imperfect competition because perfect competition involves competitive pricing strategies that cut costs to increase market share. Non-price competition typically occurs within an oligopoly, a market structure in which only a few companies control the majority of the market power, or a monopoly Here when a group of oligopolistic companies control a major market, will more have characters of a monopolistic market. So naturally when you go for the best and most suitable answer, monopolistic market becomes the answer.
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